Home Loans Designed
for Nurses and
Healthcare Professionals
We recognise the dedication and stability of your profession. Access exclusive home loan benefits including no LMI, lower deposits and competitive rates.
Exclusive Benefits Available to Eligible Nurses
- Up to 90% borrowing with no LMI
- Reduced upfront costs when purchasing a home
- Competitive interest rate discounts
- Flexible assessment of overtime, shift allowances and penalty rates
- Recognition of salary packaging and fringe benefits
- Acceptance of secondary employment income
- Refinancing options with access to equity
Save Thousands With a No LMI Home Loan
Avoid Lenders Mortgage Insurance and keep more money in your pocket.
| Property Price | Loan Amount (90% LVR) | Estimated LMI Saving |
|---|---|---|
| $650,000 | $585,000 | Up to $13,500 |
| $750,000 | $675,000 | Up to $16,000 |
| $850,000 | $765,000 | Up to $18,500 |
| $950,000 | $855,000 | Up to $21,000 |
| $1,100,000 | $990,000 | Up to $24,000 |
*Figures are indicative only and vary depending on lender policies and borrower circumstances.
Who May Be Eligible?
Eligible healthcare professionals may include:
Home Loans for Midwives
Many lenders now recognise midwives under their healthcare professional lending policies.
- Up to 90% lending with no LMI
- Flexible assessment of overtime income
- Recognition of salary packaging benefits
- Competitive home loan pricing
How Much Can Nurses Borrow?
- No LMI required
- Typically requires a 20% deposit
- Access to a wider range of lenders
- Lower deposit requirement
- Reduced LMI costs compared with higher LVR loans
- Suitable for eligible nurses under professional lending policies
- Potential access to waived LMI
- Available through selected lenders
- Usually requires genuine savings and strong credit history
- Available under certain guarantor loan structures
- May cover purchase costs and stamp duty
- Can help eligible borrowers buy sooner
Overtime, Shift Allowances and Penalty Rates
Many lenders will consider:
- Overtime income
- Night shift allowances
- Weekend penalty rates
- On-call allowances
Depending on the lender, between 80% and 100% of these earnings may be included when assessing your borrowing capacity.
Salary Packaging and Fringe Benefits
Many nurses receive additional financial benefits through salary packaging.
Some lenders understand these arrangements and may assess them more favourably, helping increase your borrowing power.
This can make a significant difference when applying for a home loan or refinance.
Can My Second Job Be Included?
Many nurses work additional shifts or maintain secondary employment.
- Employment has been ongoing for at least 6 months
- The income is consistent and regular
- The second role is related to healthcare or nursing
Some lenders may consider shorter employment histories depending on your overall financial position.
Eligibility Requirements for No LMI Home Loans
- Strong and stable employment history
- Good credit conduct
- Maximum borrowing of 90% LVR
- Sufficient income to service the loan
- An acceptable residential property
Additional lender-specific criteria may apply.
Refinance Options for Nurses
Already own a home? You may be able to refinance to: